Recent State Strides in FinTech Regulation and Innovation

July 28, 2020 11:45am

Matthew Homer
Executive Deputy Superintendent for Research and Innovation
New York State Department of Financial Services

Flavia Naves
General Counsel & Chief Compliance Officer
Qwil

John P. Kromer
Partner
Buckley LLP

  • Updates from NY DFS on strategic initiatives targeting industry participation and regulatory innovation
  • Developments in state regulation of consumer lenders, bit licenses, money transmitters, payment processors and beyond
  • The latest state-level initiatives aimed at modernizing and harmonizing financial regulation of FinTech and non-bank payments companies operating nationwide, including updates on the CSBS’s Vision 2020 – joint initial licensing (Multistate MSB Licensing Agreement Program) and joint supervision
  • The potential impact of COVID-19 and the economic downturn on the future of state regulation of FinTechs and support for innovation